Before you start looking for a realtor, you need to understand what representation actually is. For those who are looking at selling their home, there are seller’s agents. For purchasing properties, on the other hand, you need a buyer’s agent. Whether you choose a buyer’s or seller’s agent, they have a legal duty to represent you as soon as you sign a contract.
Your realtor’s experience is one of the most important things to look into. The more experience they have, the better they are likely to be. The best ones are the ones who started working before the economic crisis and are still going strong. Next, make sure that the experience they have is relevant to your own needs. After all, if you are looking to move up the property ladder due to family expansion, your needs will be very different than if you were to look for a first home for your college-going child. The second thing you need to know if how much of an expert they are in terms of the geography and demographics you require. For example, if you want to become a rancher, you need to find a realtor that is able to understand the different types of land, how it has been produced and what the homestead is like. Should you be interested in purchasing a property that is historic or listed, for instance, you will need the services of someone very different.
There are also some things you absolutely shouldn’t do. Don’t work with someone with whom you are friends or to whom you are related. This would represent a huge conflict of interest and it could also mean that you struggle to be honest with each other. Furthermore, if things don’t work out properly, you could jeopardize your relationship. Also avoid dually responsible realtors, meaning they represent both the buyer and the seller. Don’t be afraid to go to a new realtor if you’re not happy with the service. Of course, do make sure you do this respectfully. Don’t tell your realtors that you will definitely sign up with them unless you actually intend to do so. You need to be honest with them and tell them at which stage you are. After all, you expect honesty from your realtor as well.
It is hoped that the information above will assist you in finding the best possible realtor. Whether you want to buy or sell, you should always work with a realtor. One of the main things they are aware of is when the best time to buy and sell is, and this could end up saving or making you thousands.